Specifically, digital assets: Are indefinite-lived as they have no prescribed life. This means companies initially record digital assets at their acquisition cost and, thus, subject them to annual and ...
Cryptopolitan on MSN
FASB considering new rules for how companies report crypto asset transactions
The Financial Accounting Standards Board (FASB) is reportedly considering establishing rules for cryptocurrency asset ...
As CFOs and CAOs are now discovering, there's a whole new level of complexity with cryptocurrencies and digital assets beyond volatility. Specifically, GAAP doesn't yet provide guidance on crypto ...
The question of how to account for digital assets has emerged as a challenging one for accountants as use of these assets becomes increasingly common. Although accounting for exchange-traded digital ...
The US FASB is evaluating whether to expand its crypto accounting guidelines to include rules for crypto asset transfers.
And in dealing with these questions, we shall primarily be referring to the International Accounting Standard (IAS) 7 and IAS 32 for balance sheet classification of cryptos. Plus, IAS 2 and IAS 38 for ...
Please note: This item is from our archives and was published in 2021. It is provided for historical reference. The content may be out of date and links may no longer function. Accounting for and ...
This is an opinion editorial by Matt Maraia, a CPA looking to help educate the Bitcoin community on the ever-changing regulations on accounting standards. As the evolving digital assets ecosystem ...
Bitcoin might be the most recognizable cryptocurrency, but it’s hardly the world’s only digital asset. Generally, a digital asset is a “digital record made using cryptography for verification and ...
The Securities and Exchange Commission (“SEC”) released Staff Accounting Bulletin No. 121 (“SAB 121”) 1 on March 31, 2022. SAB 121 provides SEC staff’s views regarding accounting treatment of ...
Orange County’s homegrown commercial banks recorded another explosive year of asset growth with the top local bank becoming the first in years to surpass the $1 billion mark. Together, the 19 banks on ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback